OG.com Markets has submitted a filing to the U.S. Commodity Futures Trading Commission requesting permission to list cash‑settled, single‑stock perpetual futures that trade around the clock on weekdays. The proposed contracts would have no expiration date, allowing traders to maintain exposure without rolling positions.
The platform was spun out of Crypto.com earlier this year and is valued at roughly $5 billion. Shortly after the spin‑off, Robinhood acquired an equity stake in OG.com as part of a multi‑year agreement to use its CFTC‑regulated derivatives exchange and clearinghouse for prediction‑market activities.
Perpetual futures, first introduced in the crypto space by BitMEX in 2016, have become a popular derivative product. OG.com’s filing seeks to extend that model to U.S. equities, offering continuous trading five days a week.
OG.com is not alone. On Sept. 18, Coinbase, Payward’s Bitnomial exchange, and prediction‑market operator Kalshi each filed similar requests to offer single‑stock perpetual contracts. The filings follow recent regulatory moves: the SEC cleared limited on‑chain trading of tokenised U.S. stocks under its Innovation Exemption, while the CFTC has broadened relief for software providers linking users to regulated derivatives platforms.
The CFTC has been laying groundwork for perpetual contracts since May, when it introduced a case‑by‑case review process and approved Kalshi’s Bitcoin perpetual futures. In June, the agency granted temporary relief allowing certain registered exchanges to convert existing crypto futures into contracts without expiry dates.
If approved, OG.com would join a growing cohort of crypto‑focused firms aiming to bring perpetual futures to the U.S. equity market, potentially expanding the range of derivative products available to retail and institutional traders.
